Citadel LLC, the $11 billion hedge fund run by Ken Griffin, shut its residential mortgage funds after portfolio manager Bill King left the Chicago-based firm, Bloomberg News reported Wednesday, citing three people familiar with the situation. Get the full story »
Inside these posts: Citadel
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Cumulus strikes deal for WLS-AM, Citadel
Everyone, it seems, has a price and Cumulus Media finally found Citadel Broadcasting’s.
Cumulus said Thursday it has agreed to acquire Citadel, parent of Chicago’s WLS-AM and FM, in a cash-and-stock transaction that values Citadel at between $2.4 billion and $2.5 billion.
Citadel hires CEO of New York’s Chapdelaine & Co.
From Bloomberg News | Chicago-based firm Citadel LLC has hired the CEO of New York-based bond broker Chapdelaine & Co. and plans to add about 30 employees from Chapdelaine’s defunct credit unit.
Can huge hedge funds still outperform markets?
From BusinessWeek | The world’s largest hedge funds are approaching their previous peak assets after recovering from their worst-ever losses in 2008, but some analysts are asking just how much money is too much for a hedge-fund manager. In 2008, Chicago-based Citadel Investment Group, whose assets had climbed to about $20 billion, lost 55 percent in its biggest funds after wagers on stocks and mortgage-backed products went awry.
Get the full story: businessweek.com.
